Maine Professional Solicitor Bond Guide
If you’re applying for a charitable solicitor license in Maine, you’ll need this surety bond.
Bond Overview
- Purpose: To protect charitable organizations from mismanagement of funds or inappropriate solicitations
- Who Needs It: Individuals that manage, solicit, and raise funds for charities
- Regulating Body: The Office of Professional and Occupational Regulation
- Required Coverage: $25,000
- Premium Rate: 1–10% based on credit score
Learn all about the bond requirements and process in this guide.
What Is a Maine Professional Solicitor Bond?
A Maine professional solicitor bond protects charitable organizations from damages due to mismanagement of funds or inappropriate solicitation activities.
The Office of Professional and Occupational Regulation requires this bond for charitable fundraiser licensees to ensure they operate legally.
How Much Do Professional Solicitor Bonds Cost in Maine?
Maine professional solicitor bonds cost a small percentage of the bond amount, typically 1–10%. Qualified applicants could pay as low as $250 for the $25,000 coverage.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Professional Solicitor Bond?
The Office of Professional and Occupational Regulation requires this bond for all licensed charitable solicitors.
Maine defines a charitable solicitor as any person or entity who solicits contributions from the public for compensation. Bona fide employees, officers, attorneys, and financial officers are not included.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Maine professional solicitor bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Office of Professional and Occupational Regulation as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Maine Professional Solicitor Bond Work?
As with all surety bonds, a professional solicitor bond creates a legal contract between three parties:
- Principal: You, the charitable solicitor filing the bond
- Obligee: The Maine Office of Professional and Occupational Regulation requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of the Maine Charitable Solicitations Act.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire annually on November 31. To renew your professional solicitor bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.
